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Battle over EV tax credit pits automakers against oil interests

Green Car Reports

The possibility of an extension for the $7,500 federal EV tax credit has recently intensified lobbying efforts in Washington D.C.—and —and pitted the efforts of the auto industry soundly against those of the oil and gas industry. So reports the Washington Post.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

Each company holds a 50% stake in the joint venture for the U.S.-based The companies plan to invest over $4.3 The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. The company is already preparing to achieve its goal by investing $18.1

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Was the Jeep Wrangler 4xe 2021’s 3rd Highest-Selling EV in the US?

EV Adoption

I say apparently as a PR person with Stellantis, the parent company of Jeep, stated the following to me in a January 18 email: I can tell you that it is true, we were the best selling plug-in hybrid SUV last year in the US. Auto Industry Analyst. Rick Deneau, Stellantis. Flip a coin.

Jeep 98
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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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EV startups collaborated with Foxconn to boost up manufacturing. The wait continues.

Baua Electric

The corporate is checking out battery negotiations then receiving the overall main points of the Inflation Relief Function tax credit. However “the auto industry is very different from the consumer electronics industry.” appeared first on Bauaelectric Auto News. The wait continues.

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Car Industry Asks Government For More EV Help

Revenge of the Electric Car

If they don’t, then the car industry warns it’ll be hard to hit President Obama’s goal of one million electric and/or plug-in vehicles on the road by 2015. Read more in the WSJ article by Josh Mitchell: Auto Industry Plugs Electric-Car Subsidies.

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Personal: One in a Million

Clean Fleet Report

In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. Buyers could still receive federal tax credits and local incentives if available. Behind the Numbers. Tesla Model 3 was the top seller in the state. I view 2022 as the watershed year.